GDF Suez agrees to acquire U.S. electricity group FirstLight

SimonKennedy

LONDON (MarketWatch) -- French energy giant GDF Suez
ENGI, -0.76%
said Tuesday that it's agreed to acquire FirstLight Power Enterprises Inc., which owns and operates 15 power generation plants in Massachusetts and Connecticut. The company didn't give a price for the deal, but an earlier report in Le Figaro newspaper said GDF Suez is paying 1.3 billion euros ($1.9 billion) for the electricity producer. FirstLight is owned by private equity group Energy Capital Partners.

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